USDCAD spot rate: 1.3055 - 1.3060 (as at 7:55am PST)
Ranges: | Asia: | 1.3055 | to | 1.3073 |
Europe: | 1.3061 | To | 1.3074 | |
North America: | 1.3054 | to | 1.3069 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3000 | 1.3044 | 1.3085 | 1.3130 |
Key Economic Data Releases:
- U.S. Martin Luther King Day
Event Calendar:
Date | Canada | U.S.A. |
Jan. 21 Jan. 22 Jan. 23 Jan. 24 | Manufacturing sales CPI, Bank of Canada interest rate Retail sales | Housing price index, existing home sales Jobless claims, crude oil stocks change Markit manufacturing / services PMI |
Major currencies are continuing to trade in a rather subdued manner today and may yet carry on later in North American trading, as we observe a long weekend in the US. Liquidity conditions are expected to stay thin and with Wall Street not offering any direction for investors to latch onto, trading sentiment remains rather indecisive to start the week. The pound has been the notable mover so far in the European morning but it isn't too big a move as the currency stays pressured ahead of the BOE meeting next week. Meanwhile, European stocks are more mixed with some slight weakness but are keeping near flat levels overall. Currently, the TSX is up 0.14% and the DJIA is up 0.17%. EURCAD is down 0.10% trading between 1.4464 and 1.4502. GBPCAD is down 0.22% trading between 1.6939 and 1.6996. JPYCAD is down 0.50% trading between 0.01184 and 0.01186. Gold is up 0.26% trading between $1,556 and $1,562USD/oz. Silver is up 0.31% trading between $17.99 and $18.13. Oil (WTI crude) is up 0.13% trading between $58.64 and $59.66.